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PBR Petroleo Brasileiro ADR

16.90
-0.07 (-0.41%)
After Hours
Last Updated: 00:28:40
Delayed by 15 minutes
Name Symbol Market Type
Petroleo Brasileiro ADR NYSE:PBR NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.07 -0.41% 16.90 17.08 16.67 16.99 13,543,155 00:28:40

Subsea 7 Gets $200 Million Petrobras Contract

13/04/2015 8:01am

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Petroleo Brasileiro ADR (NYSE:PBR)
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   By Dominic Chopping 
 

Norwegian seabed-to-surface engineering contractor Subsea 7 SA (SUBC.OS) said Monday it has been awarded a two-year, $200 million contract from Petrobras (PBR).

The contract covers the installation of flexible lines for Petrobras' projects using Subsea 7's construction and flex-lay vessel Seven Seas, on a day-rate basis.

The vessel has been operating for Petrobras under a similar day-rate contract since 2013 and will commence the new contract in direct continuation to the current one.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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